Spruce Power Holding (SPRU) Operating Expenses (2019 - 2025)
Spruce Power Holding's (SPRU) quarterly Operating Expenses came in at $21.8 million in Q4 2025, down 18.33% year-on-year from $26.7 million in Q4 2024, and down 2.08% quarter-over-quarter from $22.2 million in Q3 2025.
Spruce Power Holding (SPRU) Operating Expenses (2019 - 2025) Analysis & Trends
Spruce Power Holding has disclosed Operating Expenses across 7 years of filings, most recently posting $21.8 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $21.8 million, down 18.33% year-over-year; the trailing twelve-month figure through Dec 2025 was $93.9 million (down 29.38% YoY), and the FY2025 annual result was $93.9 million, down 29.15% from the prior year.
- Operating Expenses came in at $21.8 million for Q4 2025 at Spruce Power Holding, down from $22.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $58.5 million in Q3 2024 to a low of -$10.5 million in Q4 2021.
- The 5-year median for Operating Expenses is $23.0 million (2023), against an average of $22.8 million.
- Peak annual rise in Operating Expenses reached 7038.29% in 2021, while the deepest fall reached 366.27% in 2021.
- Spruce Power Holding's Operating Expenses stood at -$10.5 million in 2021, then jumped by 440.12% to $35.7 million in 2022, then slumped by 32.2% to $24.2 million in 2023, then gained by 10.14% to $26.7 million in 2024, then fell by 18.33% to $21.8 million in 2025.
- The last three Operating Expenses figures came in at $21.8 million (Q4 2025), $22.2 million (Q3 2025), and $24.3 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 130.04 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 123.32 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 765.74 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 33.29 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 55.90 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 13.20 Mn |
| 10 | Spruce Power Holding | 52.76 Mn | -37.96 Mn | 16.96 Mn | 21.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 21.78 Mn |
| Sep 30, 2025 | 22.24 Mn |
| Jun 30, 2025 | 24.34 Mn |
| Mar 31, 2025 | 25.51 Mn |
| Dec 31, 2024 | 26.67 Mn |
| Sep 30, 2024 | 58.54 Mn |
| Jun 30, 2024 | 25.84 Mn |
| Mar 31, 2024 | 21.88 Mn |
| Dec 31, 2023 | 24.21 Mn |
| Sep 30, 2023 | 47.77 Mn |
| Jun 30, 2023 | 23.79 Mn |
| Mar 31, 2023 | 20.91 Mn |
| Dec 31, 2022 | 35.71 Mn |
| Sep 30, 2022 | 29.26 Mn |
| Jun 30, 2022 | 9.78 Mn |
| Mar 31, 2022 | 7.73 Mn |
| Dec 31, 2021 | -10.50 Mn |
| Sep 30, 2021 | 18.47 Mn |
| Jun 30, 2021 | 13.63 Mn |
| Mar 31, 2021 | 9.37 Mn |